Old-time banker studies Caltex Notes

Key Points Caltex’s future may not look like its past As a result, we’re not comfortable lending to it Margin of 4.5-4.75% inadequate compensation for risks Traditional bankers, like the one your grandparents went to church with, didn’t first think of interest rate and fees when considering a new loan application. Back then, it was about the credit risk of the borrower and the safety of their collateral. Only after concluding the borrower was sound and had sufficient collateral did thoughts turn to risk compensation. Instead of acting like gold stock speculators, it’s time the typical Australian income security...

Traditional bankers, like the one your grandparents went to church with, didn’t first think of interest rate and fees when considering a new loan application.

Back then, it was about the credit risk of the borrower and the safety of their collateral. Only after concluding the borrower was sound and had sufficient collateral did thoughts turn to risk compensation.

{{content.question}}

{{ twilioFailed ? 'SMS Code Failed to Send…' : 'SMS Code Sent…' }}

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa
Mastercard

The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device


Register as a new member

(using a different email)

Related Articles